In a press conference on Tuesday (March 27th) in Accra, the governor of the Central Bank of Ghana (BoG), Ernest Addison, assured the opinion on Tuesday about the state of the country’s banking sector.
Based mainly on the capitalization of banks, the manager said that the challenges in the sector had not reached a level “that can be described as threatening”, this, despite the latest developments. “The banking sector is safe and strong,” he said.
The exit came amidst a period of UniBank’s temporary administration to save the institution from imminent bankruptcy following the collapse of its two local subsidiaries last year.
A few days before this announcement, the central bank had itself indicated that 200 of the 566 microfinance institutions approved, and 37 of 141 rural and community banks were in distress, and needed support to meet their commitments to their customers .
We are talking about 700,000 customers who could lose their money, with an estimated cost of risk of $ 160 million.
